All Forum Posts by: Carlos Casanueva

@Account Closed have you used a list broker to research off-maker multifamily before? Which have you had true success with? I've used Listsource in the past for SFH, but it's terrible for Multifamily.... unless I'm doing something wrong.

@Brad Sumrok see you next week, looking forward

@Tamiel Kenney thank you for feedback. Couple questions.... you’re actively into 2600+ units now? Or you’ve bought/repositioned/sold that many over the years? 

You mentioned there’s less competition at the small level (10-12 units) but I may be looking in the wrong places because all I’ve seen is top dollar. 

I have a knack for cleaning up properties and managing tenants; my weak point right now in Multifamily is actually finding the deals. I know it takes a little time and experience, and a lot of these diamonds in the rough are off-market, but I’ll get there. Once I figure that out and get acquainted with structuring syndications, I’ll be fine. 

I've been managing investor $ successfully for years now, so I enjoy that, and it's definitely been very active (as opposed to passive) as we've been flipping 25-30 SFH for the past 4 or so years..

Last question to you is... the smaller properties you own yourself (without  other investors) like the 8-unit you mentioned... are those long-term passive plays or are you adding value/trading up?

@Andrew Johnson BINGOOO!! I'm not stopping the SFH flips anytime soon. I have a good niche + it creates my steady cash flow. Like a lot of people here, my flips or potential syndications are meant to create cash flow to throw into my own long term multifamily properties. I am now transitioning my 14-SFH rental portfolio into MF.

Thats why I’m looking to put my 250k into my own 10-12 unit property, so I can get my feet wet managing it/adding value, and trade that into the next one or potential syndication deal. 

Everyone’s responses on here have been amazing and very helpful, I really appreciate your time @Andrew Johnson @Chris Tracy @Brad Sumrok @James Kojo @Todd Dexheimer @Ivan Barratt @James E.

@James Kojo I currently manage a $3 million fund with just 5 total investors in it. These people have trusted me over the past 3-4 years, and I've made them good money flipping SFH. I just need to transition their mindset over and get them to understand it won't be 10% cash on cash return every 4 months..... it will be a longer play.

I’ve averaged these ppl ~30% annually on their money, so they’re hesitant to change strategy at all.

It’s my job to simplify and explain things correctly. I’ve never syndicated or put a deal like this together, though I do have a good understanding of how it works..

@Brad Sumrok Just like that 200k you started with on your first one.... that’s exactly the point I’m at right now. What was your exit strategy there? Timeframe? By the way, your name sounds familiar, not sure where from. I’ll be in your city next week for the Real Estate Guys syndication seminar. Feedback?

@Conor Freeman Wow, you weren’t kidding....

@Blair Poelman Utah is on fire!

@Conor Freeman much appreciated, Conor. Def very helpful info. When you say Costar is very expensive, we’re talking what?

@Andrew Johnson I see you like cash flow, cash flow, cash flow.... if you don’t mind sharing, whats your cash on cash there?

Which one do you prefer? Or neither? Pros and cons of each? Can you pull up a list of off-market multifamily properties based on specific parameters? Or should you use another software like ProspectNow for that?

@James E. agreed, I’ve been leaning more and more toward doing it myself with the first couple MF... experience is priceless. Thx!

@Andrew Johnson how’d you end up in AR?